【SMM Steel】BlueScope rejects revised A$15bn takeover bid from SGH & Steel Dynamics consortium

Published: Mar 6, 2026 16:38

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【SMM Steel】Australia's BlueScope rejected a revised A$15bn (A$34/share) takeover bid from SGH and US-based Steel Dynamics. It called the offer insufficient and not reflecting fair value. After accounting for dividends, the effective bid falls to A$32.35. BlueScope has now rejected five approaches. It remains open to talks if the consortium improves its proposal and clarifies asset valuation, funding, and due diligence.

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